Investors Buy Large Volume of Call Options on The Blackstone Group L.P. (BX)
The Blackstone Group L.P. (NYSE:BX) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 20,094 call options on the stock, American Banking News.com reports. This is an increase of approximately 153% compared to the typical daily volume of 7,932 call options.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Blackstone Group L.P. in a research note to investors on Wednesday, December 18th. They now have a $35.00 price target on the stock, up previously from $33.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Blackstone Group L.P. in a research note to investors on Tuesday, December 17th. They now have a $30.50 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of The Blackstone Group L.P. from $28.00 to $32.00 in a research note to investors on Thursday, November 14th. They now have an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $48.17.
Shares of The Blackstone Group L.P. (NYSE:BX) traded down 0.59% during mid-day trading on Monday, hitting $32.09. The stock had a trading volume of 4,091,974 shares. The Blackstone Group L.P. has a 52-week low of $16.66 and a 52-week high of $32.68. The stock has a 50-day moving average of $29.89 and a 200-day moving average of $25.42. The company has a market cap of $18.124 billion and a P/E ratio of 28.54.
The Blackstone Group L.P. (NYSE:BX) is a manager of private capital and provider of financial advisory services.
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